This post is a continuation from the August 28, 2012 post: Gold Price Surge A Sign of Continual Inflationary TImes which Ron Paul has Succinctly Warned Of While Applying Austrian School of Economic Theories and Forecasting
by Greg Chamberlain
Various news outlets such as Reuters who reported Bernanke lifts Wall St, keeps stimulus in play are out there all over the wires last night and this morning.
Sad thing is, it's contributing to an ever growing inflation mess for Americans, which is directly reflected in the surging price of gold which rose $35 in 24 hours to $1690 and some change, a 2+% jump in just one day. While that sounds very exciting to some people who dream of easy riches, if only they could own gold, it's not easy on the average American who is seeing the value of the dollar slide to keep the inflation horrors (people who love inflation and the easy wealth it creates for those with easy access to cheap easy borrowed capital). You see, there are some, who don't even need to borrow money but who can, because the banks will always loan money to people who do not really need it. When you can borrow money for extremely low interest rates and buy things like gold which are rising as fast or faster than inflation as it is catching up to that invisible inflation creeping upward, you are going to have significant financial gains, cheaply and easily.
It seems every single time Bernanke hints at another round of "Quantitative Easing" or so called "Stimulus", the price of gold takes a nice big jump, because the inflation horrors can see the gains coming as clear as day.
While this might all sound exciting, it's not. It's a another sad day for people who work and struggle to make ends meet. People whose buying power is slipping, with costs of living continuing to rise, eventually beyond reach.
Ben Bernanke's willingness to further dilute the value of the U.S. dollar with another round of stimulus is not only sad, it is criminal. People who are working class, poor, wealthy as well as elderly people who have saved money, should all rise up and be mad as hell that another stimulus would even be considered. There is nothing stimulating about it, except for Wall Street insiders and businesses who probably do not deserve to exist and should have failed long ago.
Who has shined more light on this issue than any leader in Washington? Ron Paul. If you care to learn more, please take the time to read the following books by Ron Paul:
End The Fed
The Case for Gold (Large Print Edition): A Minority Report of the U.S. Gold Commission
Want Change? Be A Weapon of Mass Dissent - Read "The President"
